Lumenis Acquires HGM Medical Laser Systems

"This acquisition is a good fit with Lumenis and reinforces our leadership in the ophthalmic laser market place," said Yacha Sutton, Lumenis CEO and president. "We will be integrating certain products and specialized technologies into our existing product lines, which will be able to provide the basis for future development. We anticipate that this transaction will be immediately accretive and will contribute about $4 million to FY2002 earnings."